Perkins Loan

The only federal loan with a fixed interest rate of 5% is the Perkins loan. No interest is charged nor is repayment required while the borrower is enrolled at least half-time in a degree seeking program.

The Federal Perkins Loan, combined with other need-based aid, cannot exceed the student’s cost of attendance minus the Expected Family Contribution (EFC). The EFC is based on information collected from the Free Application for Federal Student Aid (FAFSA). Results of the FAFSA must be received at UCF by March 1st to meet our priority deadline date.

All recipients of the Federal Perkins loan will be required to complete a promissory note. (Please refer to your MyUCF To Do List.)